diff --git a/package-lock.json b/package-lock.json
index a67b91f2fd154..7f0c353a51f3e 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -117,7 +117,7 @@
         "react-native-localize": "^3.5.4",
         "react-native-nitro-modules": "0.29.4",
         "react-native-nitro-sqlite": "9.2.0",
-        "react-native-onyx": "3.0.46",
+        "react-native-onyx": "3.0.48",
         "react-native-pager-view": "8.0.0",
         "react-native-pdf": "7.0.2",
         "react-native-permissions": "^5.4.0",
@@ -34567,9 +34567,9 @@
       }
     },
     "node_modules/react-native-onyx": {
-      "version": "3.0.46",
-      "resolved": "https://registry.npmjs.org/react-native-onyx/-/react-native-onyx-3.0.46.tgz",
-      "integrity": "sha512-/dB5PrK+AZ4QiaFdIdb2iC1q5tu7L3n6pxh+QZJiMhDORlQT6jK832b/6sqwgQ3qIZCrrsnqmyLVKCqEbYTrlQ==",
+      "version": "3.0.48",
+      "resolved": "https://registry.npmjs.org/react-native-onyx/-/react-native-onyx-3.0.48.tgz",
+      "integrity": "sha512-bEtJlNiF2H8w4qlm3sjEHeu4HCcXaIiQi96bBGTc+aSfqIXm116TZTtlS6VmF1/ip0hG8KbYuMfW8CiO3uTD3Q==",
       "license": "MIT",
       "dependencies": {
         "ascii-table": "0.0.9",
diff --git a/package.json b/package.json
index 4ec8bb100af6e..46c0de0eaaa38 100644
--- a/package.json
+++ b/package.json
@@ -181,7 +181,7 @@
     "react-native-localize": "^3.5.4",
     "react-native-nitro-modules": "0.29.4",
     "react-native-nitro-sqlite": "9.2.0",
-    "react-native-onyx": "3.0.46",
+    "react-native-onyx": "3.0.48",
     "react-native-pager-view": "8.0.0",
     "react-native-pdf": "7.0.2",
     "react-native-permissions": "^5.4.0",
diff --git a/src/hooks/useOnyx.ts b/src/hooks/useOnyx.ts
index 261accfe885fd..d3aafc04753bd 100644
--- a/src/hooks/useOnyx.ts
+++ b/src/hooks/useOnyx.ts
@@ -74,7 +74,7 @@ const useOnyx: OriginalUseOnyx = <TKey extends OnyxKey, TReturnValue = OnyxValue
         return (data: OnyxValue<OnyxKey> | undefined) => selectorProp(getKeyData(data as SearchResults, key));
     }, [selectorProp, shouldUseSnapshot, key]);
 
-    const onyxOptions: UseOnyxOptions<OnyxKey, OnyxValue<OnyxKey>> = {...optionsWithoutSelector, selector, allowDynamicKey: true};
+    const onyxOptions: UseOnyxOptions<OnyxKey, OnyxValue<OnyxKey>> = {...optionsWithoutSelector, selector};
     const snapshotKey = shouldUseSnapshot ? (`${ONYXKEYS.COLLECTION.SNAPSHOT}${currentSearchHash}` as OnyxKey) : key;
 
     const originalResult = originalUseOnyx(snapshotKey, onyxOptions, dependencies);